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BlackRockXSWX:BLK +3.47%94 Debt-to-EBITDA is 1.47 as of Mar. 2026, which is 34% above its 10-year median of 1.10. GuruFocus rates XSWX:BLK with a GF Score™ of 94/100 and a GF Value™ of CHF925.46 (Fairly Valued). The stock has 7 warning signs investors should review. Among 383 Asset Management companies, BlackRock ranks worse than 51.96% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for BlackRock's Debt-to-EBITDA or its related term are showing as below:
XSWX:BLK'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.79 Med: 1.1 Max: 1.6
Current: 1.52
During the past 13 years, the highest Debt-to-EBITDA Ratio of BlackRock was 1.60. The lowest was 0.79. And the median was 1.10.
XSWX:BLK's Debt-to-EBITDA is ranked worse than 51.96% of 383
companies
in the Asset Management industry
Industry Median: 1.39
vs XSWX:BLK: 1.52
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
BlackRock Debt-to-EBITDA Related Terms
BlackRock Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for BlackRock's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:BLK vs BX, KKR, APO: Debt-to-EBITDA Comparison
For the Asset Management subindustry, BlackRock's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where BlackRock's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
BlackRock (XSWX:BLK) has a Debt-to-EBITDA of 1.47 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BlackRock. This is 34% above median its historical median of 1.10. Over the past decade, BlackRock's Debt-to-EBITDA has ranged from 0.79 to 1.60. According to the industry distribution chart, BlackRock ranks #199 out of 383 companies in the Asset Management industry, placing it in the top 52%.
Is BlackRock's Debt-to-EBITDA too high?
BlackRock's current Debt-to-EBITDA of 1.47 is 34% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.60. The Asset Management industry median Debt-to-EBITDA is 1.39. BlackRock's value of 1.47 is 5.8% above this industry median. Based on the distribution chart, BlackRock ranks #199 out of 383 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Debt-to-EBITDA compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #199 out of 383 companies for Debt-to-EBITDA. This places BlackRock in the lower half of its industry. The industry median Debt-to-EBITDA is 1.39. BlackRock's value of 1.47 is 5.8% above this benchmark. Historically, BlackRock's own Debt-to-EBITDA has ranged from 0.79 to 1.60 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.39, BlackRock has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.39, based on 383 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current Debt-to-EBITDA of 1.47 is 5.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BlackRock. For the Asset Management industry, the median Debt-to-EBITDA is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Debt-to-EBITDA is 1.47, which is 34% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock stock overvalued right now?
Based on GuruFocus' analysis, BlackRock (XSWX:BLK) is currently considered Fairly Valued. The stock's GF Value™ is CHF925.46, compared to a current price of CHF889.20 — trading 3.9% below its estimated fair value. The current Debt-to-EBITDA is 1.47, which is 34% above median its 10-year median of 1.10 and 5.8% above the Asset Management industry median of 1.39. BlackRock's overall GF Score™ is 94/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Debt-to-EBITDA is 1.47 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BlackRock (XSWX:BLK) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of CHF889.20 is trading 3.9% below its estimated GF Value™ of CHF925.46.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
Debt-to-EBITDA: 1.47 (34% above median its 10-year median of 1.10)
GF Value™: CHF925.46 vs. price of CHF889.20 (3.9% below fair value)
Industry Position: 5.8% above the Asset Management median (#199 of 383)
No single metric tells the full story. See the XSWX:BLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which, by our calculations, account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.
94GF Score
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